Since the price of the currency touched the strong support below yesterday afternoon, the price has continuously shown a robust rebound. The price has once again stabilized above 90,000; however, the bulls have been severely suppressed recently, leading to the rebound on the market not forming a strong counterattack. In the early hours of today, the price once again followed the previous trend to initiate a pullback. Currently, the price is running near 90,000 again, and the pullback trend has not completely ended. This week's overall price movement has not shown a significant change in the downward pullback and oscillation. The shared real trading strategy remains as precise as ever online. Also, starting tonight, our live broadcast rhythm will be reopened, during which we will periodically provide various benefits to everyone.
Looking at the four-hour chart of Bitcoin, after the price continuously broke down previous lows, it did provide a certain degree of rebound repair. However, from the current market perspective, the price does not have the momentum to break the mid-track limit. After a series of bullish rebounds and repairs, it quickly produced a series of bearish candles that engulfed all the previous repair space. The current market liquidity continues to decrease, so unless there is significant positive news to stimulate the market, the larger trend remains a stable downward structure. From the short-term hourly chart, the price broke upward through the upper track pressure after a series of bullish candles but then quickly dropped back down to near the lower track, forming a brief oversold condition before the market provided some rebound repair again. From the current rhythm, the price rebound is not a trend change but rather a technical repair after a significant pullback. The continuous downward movement of the Bollinger Bands also opens a channel for further continuation of the current downward price. The short-term outlook remains bearish, focusing on the significant rebound repair triggered by the evening's U.S. stock market trends, with a short bearish strategy involved.
Short on Bitcoin near 91,400, watch near 90,000; short on Ethereum near 3,070, watch near 2,950.